EU economic recovery may take 5 years: Klöckner’s Rühl

May 17, 2013 | 12:54 PM | Corinna Petry

Tags  American Iron and Steel Institute, Metals Service Center Institute, Klöckner, Gisbert Ruhl, European union, recovery, corinna petry

COLORADO SPRINGS, Colo. — The European Union is going to have a very difficult time recovering from its sovereign debt crisis, banking crisis, structural crisis and competitive crisis, according to Gisbert Rühl, chairman and chief executive officer of Duisburg, Germany-based Klöckner & Co. SE.

"The importance of the European Union globally has decreased with the rise of Asia, especially China, and the collapse of the European Union has an impact for the economies of the U.S. and China," Rühl said at the American Iron and Steel Institute (AISI) and Metals Service Center Institute (MSCI) joint annual meeting in Colorado Springs. ....

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